Disney's first round of layoffs starts this week and will eventually to the loss of about 7,000 jobs after three rounds, according to a memo sent by CEO Bob Iger.
Share:
More In Business
The Hottest Destinations for Labor Day Travel
Brigit Zimmerman, Chief Commercial Officer at Priceline, discusses the top trends and places for Labor Day weekend travel.
Big Business This Week: Is Elon Musk toxic for Tesla?
Elon Musk may not have founded Tesla, but he has become the company, and it’s become him. Now sales are plummeting. Is he toxic for the Tesla?
780,000 pressure washers are under recall after explosions
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
Tesla sales plunge again in Europe as anger at Musk keeps buyers away
Europeans upset with Elon Musk still aren’t buying his electric cars, adding to a long losing streak for his company.
Trump fires Democratic board member ahead of huge rail merger decision
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford recalls more than 355,000 pickup trucks over dashboard failures
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
Nvidia’s latest results and its stock market prominence; A deeper look
Nvidia reported a 56% increase in second-quarter revenue and a 59% rise in net income compared to a year ago.
Al Sharpton to lead pro-DEI march through Wall Street
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
Mystery surrounds $1.2 billion Army contract for Texas detention camp
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
